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for graciously appeared in my eyes in the corrupt a despicable revolving door relationship between washington and wall street banks mr bob ryan you're my villain of the day. well it's been eleven long years since the nine eleven attacks which left three thousand world citizens dead three buildings were completely demolished that day which left behind a toxic cloud of dust and debris filling downtown manhattan for the weeks that followed the dust was polarized concrete especially metal particles and glass fibers among many other poisonous materials all of which were inhaled by forty thousand first responders and residents who rushed to help dig through the debris to search for survivors since then as to its of one thousand first responders have already died from nine eleven illnesses and thousands more are dying right now and it's been a source of passionate debate among certain politicians this is congressman anthony weiner trying on the house floor to plead for bipartisan support to give health care to the sick and dying first responders. in public you flapping your arms around republicans r
for graciously appeared in my eyes in the corrupt a despicable revolving door relationship between washington and wall street banks mr bob ryan you're my villain of the day. well it's been eleven long years since the nine eleven attacks which left three thousand world citizens dead three buildings were completely demolished that day which left behind a toxic cloud of dust and debris filling downtown manhattan for the weeks that followed the dust was polarized concrete especially metal particles...
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some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and so not hawks or does but owls now where did this term come from well according to the article it was coined by stephanie calton a professor at the university of missouri at kansas city who with another gentleman talked about in the article is part of a small group of economists who have concluded that everyone members of congress think tank denizens the entire mainstream of the economics profession has misunderstood how the government interacts with the economy if their theory dubbed modern monetary theory or and then t. is right then everything we thought we knew about the budget taxes and the federal reserve is wrong so here to really discuss what m. and t. is and what its advocating is stephanie calton her self so first of all thank you so much for being on the show professor cults and we're very excited to get into a discussion about m.m.t. b
some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and so not hawks or does but owls now where did this term come from well according to the article it was coined by stephanie calton a professor at the university of missouri at kansas city who with another gentleman talked about in the article is part...
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good afternoon welcome to capital account i'm more in the store here in washington d.c. these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie calton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the i.c.c. financial crisis measure that guarantees one hundred percent of all checking account bank deposits now the c b o estimates the f.d.a. as the does
good afternoon welcome to capital account i'm more in the store here in washington d.c. these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government...
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power in syria now in washington i'm going to check on. there's been more deadly violence in syria with two blasts there primary school southeast of the capital killing at least one person and injuring five in a separate incident a person was wounded following two more explosions near a court building in damascus where foreign policy experts see the warning signs of america recognizing the rebel coalition pushing syria deeper into a crisis which will echo region wide what it does is that opens the door now for much more direct intervention in the civil war it will mean a heavy weapons will come in contention even i think you could end up with a no fly zone it's really pretty much an open declaration of war against the outside regime one of the things that i think is difficult is trying to get really accurate reporting it seems as if the our sort of regime is sort of its back against the wall and yet at the same time it doesn't seem as if the opposition could really hold on to territory i mean this could be a long running thing this could g
power in syria now in washington i'm going to check on. there's been more deadly violence in syria with two blasts there primary school southeast of the capital killing at least one person and injuring five in a separate incident a person was wounded following two more explosions near a court building in damascus where foreign policy experts see the warning signs of america recognizing the rebel coalition pushing syria deeper into a crisis which will echo region wide what it does is that opens...
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it's tuesday december eleventh eight pm here in washington d.c. i'm liz wall and you're watching r.t.e. . we begin today with a report that could shed some light on the dark practice of torture and this week the senate intelligence committee is said to vote on a report that details the use of enhanced interrogation techniques under the bush administration now this includes everything from stress positions to waterboarding much of it said to have happened at the guantanamo bay prison the roughly six thousand page report has been in the works for three years now the senate is finally voting to approve it but according to senator dianne feinstein who has the committee of the public may never see it for more on what's in the report i was joined earlier from capitol hill by r t political correspondent christine. one of the central goals of the reported to find out the extent to which these so-called enhanced interrogation techniques led to valuable information led these intelligence officers officers to information that in turn led them to terrorists a
it's tuesday december eleventh eight pm here in washington d.c. i'm liz wall and you're watching r.t.e. . we begin today with a report that could shed some light on the dark practice of torture and this week the senate intelligence committee is said to vote on a report that details the use of enhanced interrogation techniques under the bush administration now this includes everything from stress positions to waterboarding much of it said to have happened at the guantanamo bay prison the roughly...
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washington called the launch highly provocative on japan the once a tough response from the u.n. security council but antiwar campaign eric surat can pressuring pyongyang won't help but only talks can work. these are causes to have more talks not less talks and the north koreans have been willing to attend talks other nations have certainly russia has and other nations are that have been involved in the six party talks japan south korea the united states are less willing to engage in talks when these things happen but what the u.n. said was not only don't use ballistic missile technology it said we must have a commitment to a peaceful diplomatic and political solution to the situation there i'm afraid that the united states is going to step back talk less isolate more the military base that the united states brought merrily south korea's building on jesuit island in an effort to create a ring around china perhaps so to deal with north korea are all setbacks to peace what's necessary i think at this point in time is not is to step back from the process and the outside countries th
washington called the launch highly provocative on japan the once a tough response from the u.n. security council but antiwar campaign eric surat can pressuring pyongyang won't help but only talks can work. these are causes to have more talks not less talks and the north koreans have been willing to attend talks other nations have certainly russia has and other nations are that have been involved in the six party talks japan south korea the united states are less willing to engage in talks when...
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muslim brotherhood style government that is absolutely intolerant fundamentally hostile to the west washington has failed to officially denounce the many suicide bombings perpetrated by the rebels in syria preferring to. focus on the wrongs committed by the assad regime alone the u.s. is also ramping up the rhetoric about the possibility of the assad government using chemical weapons against civilians something that damascus says would be suicidal on the other hand many rebels are not averse to the idea of suicide in the name of what they call holy war militants have recently taken control of a toxic chemical plant in the country's second city of aleppo a video was uploaded to youtube showing them testing chemical weapons on rabbits we could not independently verify the authenticity of the footage there of you will die like these do rabbits despite supporting the anti assad forces the obama administration also recognizes that there are radical groups among the opposition in an attempt to distance themselves from extremists washington has designated one almost a terrorist organization it is tho
muslim brotherhood style government that is absolutely intolerant fundamentally hostile to the west washington has failed to officially denounce the many suicide bombings perpetrated by the rebels in syria preferring to. focus on the wrongs committed by the assad regime alone the u.s. is also ramping up the rhetoric about the possibility of the assad government using chemical weapons against civilians something that damascus says would be suicidal on the other hand many rebels are not averse to...
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some smart things that are economic policy and i share your distrust of what you're observing there in washington i mean you know they were in this reputation quite frankly and so it is difficult to imagine the the group that we see year after year out on the hill getting together and doing the right thing but this is part of why i think m.m.t. is so important because it empowers people once the people realize that the government has the capacity to do this and that they don't need to be calling on us to share in some sacrifice i'm tired of hearing shared sacrifice every time i turn on the t.v. i'm tired of listening to the president tell us that we need some pain this is going to be painful but we've got to impose this pain on the on the people in the ana me it's empowering for the people to know that that isn't the case that the government is after start. doing austerity now and i just want to get in a real quick because i don't really have much time left i only have a minute i do want to ask you if there's any economy currently where you see an empty philosophy being implemented what is the be
some smart things that are economic policy and i share your distrust of what you're observing there in washington i mean you know they were in this reputation quite frankly and so it is difficult to imagine the the group that we see year after year out on the hill getting together and doing the right thing but this is part of why i think m.m.t. is so important because it empowers people once the people realize that the government has the capacity to do this and that they don't need to be...
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relations are strained to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called whole. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently a witness said during the so-called make me act it was passed by the congress and the president will have no other option is to side it into action. so with this new move and the russia promise to retaliate adequately i don't think that we can go to business as usual and we will see that the next four years of obama storm will be filled with tensions between russia and the united states. moving on now a top western the bard conference on syria meets on wednesday to boost support for the country's new opposition alliance the national coalition that comes after washington formally recognize them as the legitimate representative of the syrian people but as i see it again
relations are strained to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called whole. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently a witness said during the so-called make me act it was passed by the congress and the president will have no other...
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here moscow time just as the us recognize the syria's opposition the head of the coalition says washington shouldn't label any group fighting the assad regime as terrorists. syrian rebels are criticizing washington for designating one of their most ruthless and efficient groups in the fight against a terrorist organization war coming up. also the headlines this hour north korea's rocket blasts off a message of defiance go young says it sets a weather satellite in space but it's enough to one nerve the region. and president putin vows to cage the corruption says it's time for russians to seize the initiative in the country's development. over good evening chief you just joined us here at the new center tonight and first syria's main opposition group says the u.s. should reconsider its decision to add an al qaeda linked group to its list of terrorist organizations saying it's helping them in their fight to topple president bashar al assad this is the united states becomes the latest country to openly declare its support for the opposition coalition has kept speed on this kind of future cans
here moscow time just as the us recognize the syria's opposition the head of the coalition says washington shouldn't label any group fighting the assad regime as terrorists. syrian rebels are criticizing washington for designating one of their most ruthless and efficient groups in the fight against a terrorist organization war coming up. also the headlines this hour north korea's rocket blasts off a message of defiance go young says it sets a weather satellite in space but it's enough to one...
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at midnight moscow time the syrian opposition says washington shouldn't label any group fighting the assad regime this terrorist that there's a massive blast rocks damascus. but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blasts off a message of defiance pyongyang says it sent a weather satellite into space but it's enough to unnerve the region. and president putin bows to cage the corrupt and says it's time for the russians to seize the initiative in the country's development. a lot of good morning see if you just joined us money kevin owen here in moscow this morning syria's main opposition coalition says the u.s. should reconsider its decision to out a leading rebel group to its terrorist list meanwhile several explosions struck outside the interior ministry building in damascus killing at least eleven of the u.s. became the latest country to endorse the opposition alliance the latest and from artie's garniture she can. it's clear that washington is trying to distance itself from extremists in sy
at midnight moscow time the syrian opposition says washington shouldn't label any group fighting the assad regime this terrorist that there's a massive blast rocks damascus. but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blasts off a message of defiance pyongyang says it sent a weather satellite into space but it's enough to unnerve the region. and president putin bows to cage the corrupt and says it's time...
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national priorities and investing accordingly in a perfect world i understand that but sitting here in washington and watching the way that policy is actually made especially recently it's hard for me to have faith that that will happen soon or that that can ever happen so in that situation don't you have government investment in stimulus benefiting only certain industries and perhaps not others and in this situation what allows for creative destruction of the sort that allows for innovation and allows for a dynamic changing economy in a situation where the government is full employment. ok well i mean first the question about stimulus benefiting only certain industries or only certain people to some extent there there is some of that right i mean of course you can pick some winners and losers but when you include things like a payroll tax reduction i mean clearly that's affecting everybody who is working and paying into social security so those benefits are spread across the bass majority of the working population and that's form stimulus as. for your part of that i beat that we have the payroll
national priorities and investing accordingly in a perfect world i understand that but sitting here in washington and watching the way that policy is actually made especially recently it's hard for me to have faith that that will happen soon or that that can ever happen so in that situation don't you have government investment in stimulus benefiting only certain industries and perhaps not others and in this situation what allows for creative destruction of the sort that allows for innovation...
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the development of the relations between moscow and washington neither washington is one for the eighty missile defense system in europe which are still considered by moscow as a potential threat to russia's national security so these are the basic points and issues which are which the brotherhood expected to talk about but of course find out more one of the address happens that's going to be around moscow time with the . g m g. listening to this stage of the nation address together with the boer and about this time thank you very much. but it's still isn't it some advantage says russia you asked for trained due to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called hawks. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently witness said during the so-called magnitsky act it was passed by the congress and the president will have no other option
the development of the relations between moscow and washington neither washington is one for the eighty missile defense system in europe which are still considered by moscow as a potential threat to russia's national security so these are the basic points and issues which are which the brotherhood expected to talk about but of course find out more one of the address happens that's going to be around moscow time with the . g m g. listening to this stage of the nation address together with the...
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top stories tonight from r t the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that says a massive blast rocks damascus but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blast soffit a message of defiance from young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's time for russians to seize the initiative in their countries develop. their one is kevin zero in syria's main opposition coalition says the u.s. should reconsider his decision to are the leading rebel group to its terrorist list meanwhile several explosions struck outside the interior ministry building in damascus killing at least seven earlier the u.s. become the latest country to endorse the opposition alliance the latest smarties going to church you can. washington is trying to distance itself from extremists in syria they have designated the front carrousel can ization it's a sock to be one of
top stories tonight from r t the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that says a massive blast rocks damascus but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blast soffit a message of defiance from young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's...
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all of washington called the highly provocative well japan once a tough response from the u.n. security council on north korea expert professor really different joins us now from vienna university thank you for joining us here on r.t. today how effective would fresh sanctions on north korea be do you think given that such measures in two thousand and six and nine haven't really succeeded in making any any making it stop what its rocket launches obsessions or. means to show your political dissatisfaction but in terms of being effective almost useless in terms of north korea sanctions of the deployed for decades north korea had enough time to find ways around those sanctions though humanitarian concerns. the allies the tried and so i think sanctions have more or less a symbolical function but they will have very little actual effects on north korea well north korea is banned isn't it from conducting ballistic missile tests by the un and even its ally china criticised today's not so why is it so defiant against the international community both think it's easy to understand why for
all of washington called the highly provocative well japan once a tough response from the u.n. security council on north korea expert professor really different joins us now from vienna university thank you for joining us here on r.t. today how effective would fresh sanctions on north korea be do you think given that such measures in two thousand and six and nine haven't really succeeded in making any any making it stop what its rocket launches obsessions or. means to show your political...
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it's nine pm moscow time the main news tonight the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that has a massive blast rocks damascus. but there is no word from america on changing its definition says there has been overwhelming evidence terrorists by a long sight the rebels more details coming up. the other big stories of the day north korea's rocket blast so often a message of defiance gone young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's time for russians to seize the initiative in their country's development. in a very good evening to if you just joined us money kevin i mean this is our first syria's main opposition group says the u.s. should reconsider its decision to add an al qaeda linked group to its list of terrorist organizations saying it's helping them in their fight to topple president bashar assad this is the united states becomes the latest country to openly declared support for the opposition coalition meantime th
it's nine pm moscow time the main news tonight the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that has a massive blast rocks damascus. but there is no word from america on changing its definition says there has been overwhelming evidence terrorists by a long sight the rebels more details coming up. the other big stories of the day north korea's rocket blast so often a message of defiance gone young says it sent a weather satellite into...
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over the revolving door in washington to play in the money game here in d.c. it's been said that politicians long ago sold out the american people for campaign cash this story just proves that point the hill newspaper reports that nearly a dozen newly elected members of congress have already set up super pacs keep in mind these ten people have not even been sworn into office yet that will happen next month but they already have super pacs in place to raise money. in the past super pacs have normally been used by senior members of congress and to influence and build alliances many super pacs donate to other lawmaker lawmakers campaigns in order or to the campaign of politicians back in their home states so what does this say about how washington works does this just prove that money runs the scouting. well lawmakers who haven't even been given keys to their offices are already raising money for the next election seems like the answer is yes meanwhile this country is headed for a fiscal cliff makes you wonder how can politicians worry about the nation's finances
over the revolving door in washington to play in the money game here in d.c. it's been said that politicians long ago sold out the american people for campaign cash this story just proves that point the hill newspaper reports that nearly a dozen newly elected members of congress have already set up super pacs keep in mind these ten people have not even been sworn into office yet that will happen next month but they already have super pacs in place to raise money. in the past super pacs have...